Business
Iconic Retains IR Consultant and Grants Stock Options
VANCOUVER, BC / ACCESSWIRE / June 6, 2016 / Iconic Minerals Ltd. (TSXV: ICM) (FSE: YQG) is p...
About this update from Iconic Minerals Ltd
[{"type":"text","content":"Iconic Retains IR Consultant and Grants Stock OptionsVANCOUVER, BC / ACCESSWIRE / June 6, 2016 / Iconic Minerals Ltd. (TSXV: ICM) (FSE: YQG) is pleased to announce the Company has retained Brisco Capital Partners Corp. (\"Brisco\") to provide investor relations services pursuant to a consulting agreement dated June 1, 2016 (the \"Consulting Agreement\"), which services include initiating and maintaining contact with the financial community and the Company's shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Brisco, founded by Scott Koyich, is a Calgary based consultancy with a North American presence. Brisco takes a full service approach and provides creative and effective investor relations programs for Canadian Public Companies. The Consulting Agreement is for a term of one year.\nBrisco will receive a monthly fee of C$7,500 plus applicable taxes from the Company and is being granted stock options (the \"Options\") to acquire 500,000 common shares of the Company at an exercise price of $0.30 per common share. The Options vest quarterly over a period of twelve months from the date of issuance and can be exercised for a period of two years from the date of grant.\nThe company further announces the grant, pursuant to its 10% Rolling Stock Option Plan that was ratified and approved by shareholders on February 16, 2016 and accepted for filing by the TSX Venture Exchange (the \"TSX-V\") on March 8, 2016, of options to eligible participants to purchase a total of 900,000 common shares, exercisable in whole or in part on or before June 3, 2018 at an exercise price of $0.30 per share (being the closing price of the Company's shares on June 3, 2016). \nThe Consulting Agreement and the grant of Options are subject to TSX Venture Exchange approval.\nThe following is a brief summary on the Property: \nThe Property is a lithium brine target. It is located within a valley that is over +20 miles (+30 km) long and 12 miles (20 km) wide into which streams from an +800 mi(2) (2,070 km(2)) drainage basin empty. The source rocks are quartz-rich volcanics that contain anomalous amounts of lithium. Sampling of salt flats within the basin have found lithium values in salt samples ranging from 50 to 340 ppm. The deeper part of a gravity low within the valley is 12 miles (20 km) lon...